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Routing Number: 271985352

Home Equity Loans

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Fixed Rate Home Equity

Reducing debt will play a big part in your overall financial situation and one option to do this would be to get a New Century Home Equity Loan. Home Equity loans can be used for just about any large purchase and typically has a lower rate than a personal loan. Equity is defined as the difference between what your home is worth and what you owe on a first mortgage.

  • Borrow up to 80%, 90%, or 100% of value
  • Terms can be 5, 10, or 15 year loans
  • No application fee
  • No maintenance fees or prepayment penalties
  • Interest paid may be tax deductible (consult a tax advisor)
Apply for a Loan  Mortgage Calculator

Home Equity Line of Credit

Do you have a big upcoming project that is going to be expensive, but you don’t want to pay interest on money you may not need to use right away? If so, a Home Equity Line of Credit (HELOC) from New Century FCU is the perfect solution. Our HELOC’s go up to $500,000 and have a draw period of 10 years, followed by a 15-year re-payment period. HELOC’s offer the following benefits too:

  • Draw on Funds on an “as needed” basis
  • Rate is based off of the Wall Street Journal Prime Rate
  • Interest paid may be tax deductible (consults a tax advisor)
  • Only pay interest on the money you have borrowed
Apply for a Loan  Mortgage Calculator